Problem 4. Assume the same information as in Problem 3, except that Celine Dion Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705% Instructions: Prepare the journal entries to record the following. (Round to the nearest dollar.) (a) The issuance of the bonds. Jan 1, 14 Account Title Formula Account Title Account Title Amount Amount (b) The payment of interest and related amortization on July 1, 2014. Jul 1, 14 Account Title Account Title Account Title Formula Formula Formula (c) The accrual of interest and the related amortization on December 31, 2014. Dec 31, 14 Account Title Account Title Account Title Formula Formula Formula Carrying amount of bonds at July 1, 2014: Text title Text title Text title Formula Formula Formula Problem 4. Assume the same information as in Problem 3, except that Celine Dion Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705% Instructions: Prepare the journal entries to record the following. (Round to the nearest dollar.) (a) The issuance of the bonds. Jan 1, 14 Account Title Formula Account Title Account Title Amount Amount (b) The payment of interest and related amortization on July 1, 2014. Jul 1, 14 Account Title Account Title Account Title Formula Formula Formula (c) The accrual of interest and the related amortization on December 31, 2014. Dec 31, 14 Account Title Account Title Account Title Formula Formula Formula Carrying amount of bonds at July 1, 2014: Text title Text title Text title Formula Formula Formula